Franklin Resources, Inc.’s Stock Price Surges to $20.68, Marking a Noteworthy 4.55% Increase

Franklin Resources, Inc. (BEN)

20.68 USD +0.90 (+4.55%) Volume: 8.88M

Franklin Resources, Inc.’s stock price is currently marked at 20.68 USD, showcasing a promising upturn with a trading session increase of +4.55%. Despite a year-to-date decrease of -30.58%, the substantial trading volume of 8.88M indicates sustained investor interest in BEN’s market performance.

Latest developments on Franklin Resources, Inc.

Franklin Resources stock has been experiencing significant movements recently as the SEC investigates the Co-CIO of its $2 billion unit, leading to a drop in stock price. The company has replaced its investment chief and closed the fund amidst the US probes. This news has caused Franklin Resources‘ stock to slide, with reports of a federal criminal probe into ‘cherry-picking’. Additionally, the company’s stock has hit a 52-week low at $20.92. Franklin Templeton Canada has also made headlines by adding Brandywine’s U.S. High Yield expertise to its fixed income lineup. Investors are closely watching as the company navigates these challenges and responds to the investigations.

A look at Franklin Resources, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Franklin Resources, also known as Franklin Templeton Investments, is showing a positive long-term outlook according to Smartkarma Smart Scores. The company has strong scores in dividend and value, indicating that it may be a good choice for investors looking for steady income and undervalued stocks. While the growth score is slightly lower, Franklin Resources still demonstrates resilience and momentum in the market, suggesting that it is well-positioned for future success.

With a focus on providing investment advisory services to a wide range of clients, including high net worth individuals and institutional investors, Franklin Resources manages various asset classes such as global equity and fixed income. The company’s solid performance in dividend and value, along with its overall positive Smart Scores, bode well for its continued success in the investment advisory sector.

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